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2013 and earlier Volkswagen Touareg Lease Questions
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2005 VW Touareg V8 with every option except trailer hitch, tire pressure monitor, and 4 zone AC.
My current lease is for $725. Gross capitalized cost is $53,265. Terms are 4 years, 15k miles/year, about 34 months left of lease. Residual value of $24,140.
Thanks for the help.
Car_man
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Also, is it a bad idea to buy a car at the end of your lease? I seem to think the car's value will be worth more than what I'll owe at the end of the lease, which would be a good thing. (I think.)
2) If your car is worth more than the residual at the end of the lease, it would certainly be a good deal to buy it at that time.. I wouldn't bet on that being the case, though... Most residuals are somewhat optimistic (which is good, as high residuals make for lower lease payments).
regards,
kyfdx
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My friend, who has been wanting to get the 06 Touareg, is deciding to do this because payments to finance the car is too much.
From what I know, it would be a lot better to just finance from the start. How much more money would she end up spending? Do you guys think it's worth doing this just to have the car that you want?
Car_man
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Thanks.
Their leasing offer is with $3,500 down, 12k miles per year:
-a lease for 4 years has a monthly payment of $591/month, exclusive of tax, and
-a lease for 3 years has a monthly payment of $622/month, exclusive of tax.
This seems high to me.
I have asked for but not yet received the money factor and residual %.
Thanks
Car_man
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Was just curious on what the Money Factor and Residuals were for the 2007 VW Touareg models. Anyone know?
$3,500 is way too much money to put down when leasing. I always advise community members not to make any capitalized cost reduction on leased vehicles. I do so because if their leased vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.
I would be happy to use VW's actual lease program to estimate what your monthly payment should be if you provide me with the MSRP of the Touareg that you are interested in.
Car_man
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Can you provide the current lease program for both '06 and '07 Touareg V6 and V8 for 36mo/15K? I'd like to be able to run my own numbers...
Thanks!
apa1128
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I was wondering if you knew why the '07 Touareg does not come with all of the available options in the '07 Passat Wagon 3.6? I am going to go drive both at VW tomorrow, and I'm now leaning towards the wagon simply because I can get Sirius, in dash CD changer, etc. for 6-10K less than the Touareg, depending on the engine. The Touareg should really come with those features for a $40K + price tag.
BTW, why doesn't Edmunds have a page that lists the monthly buy rates, etc. for all the manufacturers and all the models? It would sure give us consumers some good ammo to go to the dealers with. So far, my experience has been that the dealers refute the MFs that I tell them I saw here. I can't say that I blame them, considering how foolish I feel when I have to tell them "I read it on an internet forum." :sick: That could all boil down to some guy telling half truths and leaving out tons of pertinent info.
I called directly to the VW corporate office (on my own dime :mad: ) to get the MFs directly from them and they WOULD NOT give it to me even if my life had depended on it! Where does Edmunds get its info?
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I saw that you posted the money factor and residuals for all the Touareg models with the exception of the 2007 V10 TDI. I am thinking of trading my 04 V8 in for a TDI. Do you know what the latest Money factor and residual is for the 07 V10 TDI. Thanks for your help!!
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"Only $370 a Month! 40 Months. 10k Miles. $4,562 due at signing. MSRP $38,909"
Now I would prefer 30 mnths than 40. So I estimated that would cost me an extra $30-$40 more a month.
I also thought, for a Touareg V8 2007 what would it cost me? I assume a MSRP of $43000. That's a $5K difference so I figure a $50 more a month. Or should I wait until the spring and may get better deal. Thanks...
Ok take care guys..
Matt @ Prestige VW 856-629-9200
I'm looking for a little insight (pros and cons) on the current VW lease offer for a "base" 07' V6 Touareg.
The VW offer is as follows:
39-month lease
$3,474 due at signing
(plus license, tax, options and dealer fees)
US cars only. $399 first month's payment, $2,500 down payment, and $575 acquisition fee due at lease inception. Monthly payments total $15,561.00. Based on MSRP of $38,110 for a 2007 Touareg V6, excluding title, taxes, options and dealer charges. Closed-end lease offered to highest qualified customers by Volkswagen Credit through participating dealers. Supplies limited. Offer ends January 31, 2007. Requires dealer contribution of $2,201.50, which could affect final negotiated transaction. Lessee responsible for insurance. At lease end lessees responsible for $0.25/mile over 39,000 miles and for damage and excessive wear. Additional charges may apply at lease end. Purchase option at lease end for $20,558.70. Dealer sets actual prices. See your Volkswagen dealer for details.
What do you think ?
I test drove a "base" model and I was very impressed with it.
Can I do any better on the lease ?
Car_man
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Would it be best to negotiate less down for the same monthly payment ?
Or just rework the whole deal ?
What is the residual and money factor (January) for a 2006 V10 TDI, 36 months with 15K miles.
Thank you!
--Sebis
Can you provide me the money factor and residual on a 2006 V-10 TDI Touareg 10K miles per year for 2 years in WA state?
Kipa
Lets see...5500 miles.
The brakes squeal like a pig at every stop and they can't be fixed says the dealer and now at 5500 the DRIVE shaft is defective and needs replacing. I have owned Honda's and Toyotas and done nothing but oil changes for the first 60,000 miles. The vehicle drives well, but not worth the headache unless you happen to live next to a VW dealership which has technicans and managers who want to repair your car.
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The drive shaft thing has been going on for years. You'd think they'd have that figured out by now. Takes a couple of hours at the shop and that should fix it for good. I had to have a new transfer case at 1500 miles. Never a lick of trouble from it afterward.
If you want to drive German cars, you better get to know and love your service department. The same goes for Audi, Porsche, BMW or Mercedes from what my relatives and friends tell me. Some of them cover all required maintenance for a few years in the vehicle cost, which you end up paying for anyway. Of course you could always drive a Japanese or American SUV if you wish to sacrifice a little driving "soul." I bought a Ford Explorer V8 and it isn't too bad in the soul department, but it is crude compared to the VW. Never thought I'd buy a Ford, and no, I do not like the door pulls and it is not even close to as good off-road as the VW. Lots of power, comfortable seats, good stereo, good brakes, good in the snow, decent handling and tows well.
The dealership has a "deal" of $399/mo for this car. My trade-in will knock $6,800 off the price. I'm looking for a high-mileage (20k mi/yr) 3-year lease and was tentatively quoted $475/mo, net of my trade-in.
Is this a good deal? What should I "beware" of?
Thanks...
You never mentioned the selling price or MSRP of the Touareg that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
I see that you are considering trading in your current vehicle when you lease your new one. There's nothing wrong with doing this, but it would be in your best interest to have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments when leasing. Those who make them risk losing their money if their car or truck is stolen and never recovered.
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